Holder Clover Partners LP Has Boosted Mackinac Finl (MFNC) Position; Wells Fargo Co New (WFC) Holder Pictet North America Advisors Sa Lowered Its Holding by $614,536

Wells Fargo & Company (NYSE:WFC) Logo

Pictet North America Advisors Sa decreased its stake in Wells Fargo Co New (WFC) by 47.79% based on its latest 2018Q3 regulatory filing with the SEC. Pictet North America Advisors Sa sold 11,818 shares as the company’s stock declined 15.07% with the market. The institutional investor held 12,913 shares of the major banks company at the end of 2018Q3, valued at $679,000, down from 24,731 at the end of the previous reported quarter. Pictet North America Advisors Sa who had been investing in Wells Fargo Co New for a number of months, seems to be less bullish one the $219.08 billion market cap company. The stock decreased 1.04% or $0.49 during the last trading session, reaching $46.54. About 25.91M shares traded or 12.64% up from the average. Wells Fargo & Company (NYSE:WFC) has declined 17.79% since December 15, 2017 and is downtrending. It has underperformed by 17.79% the S&P500. Some Historical WFC News: 02/04/2018 – ASURE SOFTWARE INC – ON APRIL 1, CO PURCHASED WELLS FARGO BUSINESS PAYROLL SERVICES’ EVOLUTION HCM CLIENT PORTFOLIO; 10/05/2018 – Wells Fargo, Fed Initially Disclosed Asset Cap Could Be Lifted by Sept. 30, 2018; 04/05/2018 – WELLS FARGO: REASONABLY POSSIBLE LEGAL LOSSES WERE $2.6B AT 1Q; 06/04/2018 – Wells Fargo, Autobooks, National Bank of Canada, Ignite Sales and mBank Win 2018 Monarch Innovation Awards; 31/05/2018 – SYNOPSYS ANNOUNCES ACCELERATED BUYBACK PACT WITH WELLS FARGO; 13/04/2018 – WELLS FARGO WFC.N CEO SAYS FEDERAL RESERVE’S ASSET CAP IS NOT HURTING BANK’S ABILITY TO GROW LOANS; 20/04/2018 – Wells Fargo to Pay $1 Billion to Settle CFPB, OCC Probes (Video); 15/03/2018 – WELLS FARGO IS SAID TO FACE SANCTIONS FOR AUTO INSURANCE: RTRS; 12/03/2018 – BLUELINX HAS COMMITMENTS FROM WELLS FARGO & BANK OF AMERICA; 16/03/2018 – Wells Fargo Closes Below 200-Day Moving Average: Technicals

Clover Partners Lp increased its stake in Mackinac Finl Corp (MFNC) by 84.31% based on its latest 2018Q3 regulatory filing with the SEC. Clover Partners Lp bought 59,014 shares as the company’s stock declined 19.09% with the market. The hedge fund held 129,014 shares of the major banks company at the end of 2018Q3, valued at $2.09 million, up from 70,000 at the end of the previous reported quarter. Clover Partners Lp who had been investing in Mackinac Finl Corp for a number of months, seems to be bullish on the $146.01 million market cap company. It closed at $13.63 lastly. It is down 16.56% since December 15, 2017 and is downtrending. It has underperformed by 16.56% the S&P500. Some Historical MFNC News: 11/04/2018 – Michigan PSC: Schuette Statement on the Anchor Strike to Cables and Pipelines Running the Straits of Mackinac; 21/04/2018 – DJ Mackinac Financial Corporation, Inst Holders, 1Q 2018 (MFNC); 04/04/2018 – Michigan.gov: State assisting with multi-agency response to utility line leak in Straits of Mackinac; 03/05/2018 – Mackinac Financial 1Q EPS 24c; 18/05/2018 – Mackinac Financial Corp Completes Acquisition of First Federal of Northern Michigan; 11/04/2018 – Michigan PSC: Gov. Snyder, Lt. Gov. Calley initiate acceleration of Straits of Mackinac studies and legal action against; 03/05/2018 – MACKINAC FINANCIAL CORP – TOTAL REVENUE OF COMPANY FOR FIRST THREE MONTHS OF 2018 EQUATED TO $11.67 MLN COMPARED TO $11.37 MLN FOR SAME PERIOD OF 2017; 04/04/2018 Michigan PSC: State assisting with multi-agency response to utility line leak in Straits of Mackinac; 18/05/2018 – Mackinac Financial Corporation Completes The Acquisition Of First Federal Of Northern Michigan; 03/05/2018 – Mackinac Financial 1Q Rev $11.7M

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 18 have Buy rating, 7 Sell and 14 Hold. Therefore 46% are positive. Wells Fargo & Company had 158 analyst reports since July 29, 2015 according to SRatingsIntel. Sandler O’Neill maintained the shares of WFC in report on Thursday, March 29 with “Buy” rating. Argus Research maintained Wells Fargo & Company (NYSE:WFC) on Tuesday, January 19 with “Buy” rating. The firm has “Neutral” rating given on Friday, September 7 by Macquarie Research. The rating was maintained by Piper Jaffray with “Hold” on Friday, July 28. The firm has “Buy” rating given on Thursday, September 28 by Keefe Bruyette & Woods. The rating was maintained by Piper Jaffray with “Hold” on Friday, October 13. Nomura maintained Wells Fargo & Company (NYSE:WFC) rating on Monday, October 15. Nomura has “Buy” rating and $63 target. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Vining Sparks on Friday, April 6. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, July 27. The firm has “Underperform” rating by Raymond James given on Tuesday, October 4.

Pictet North America Advisors Sa, which manages about $2.65 billion and $754.27 million US Long portfolio, upped its stake in Spdr Series Trust (CWB) by 19,531 shares to 549,673 shares, valued at $29.65 million in 2018Q3, according to the filing. It also increased its holding in Vanguard Index Fds (VOO) by 12,855 shares in the quarter, for a total of 21,050 shares, and has risen its stake in Johnson & Johnson (NYSE:JNJ).

Analysts await Wells Fargo & Company (NYSE:WFC) to report earnings on January, 11. They expect $1.19 EPS, up 22.68% or $0.22 from last year’s $0.97 per share. WFC’s profit will be $5.60 billion for 9.78 P/E if the $1.19 EPS becomes a reality. After $1.13 actual EPS reported by Wells Fargo & Company for the previous quarter, Wall Street now forecasts 5.31% EPS growth.

Since August 7, 2018, it had 0 insider purchases, and 1 insider sale for $5.87 million activity.

More notable recent Wells Fargo & Company (NYSE:WFC) news were published by: 247Wallst.com which released: “Could Major Banks’ Short Interest Be Signaling a Market Correction? – 24/7 Wall St.” on December 12, 2018, also Seekingalpha.com with their article: “Wells Fargo fires dozens of retail-bank regional managers: WSJ – Seeking Alpha” published on December 05, 2018, Businesswire.com published: “Wells Fargo & Company Declares Cash Dividends on Preferred Stock – Business Wire” on November 16, 2018. More interesting news about Wells Fargo & Company (NYSE:WFC) were released by: Seekingalpha.com and their article: “Wells Fargo can’t grow until problems fixed, Fed’s Powell says – Seeking Alpha” published on December 10, 2018 as well as Finance.Yahoo.com‘s news article titled: “Wells Fargo: Altria Stock Is Extremely Cheap – Yahoo Finance” with publication date: November 26, 2018.

Investors sentiment increased to 0.78 in Q3 2018. Its up 0.06, from 0.72 in 2018Q2. It improved, as 55 investors sold WFC shares while 664 reduced holdings. 126 funds opened positions while 432 raised stakes. 3.46 billion shares or 3.93% less from 3.60 billion shares in 2018Q2 were reported. Scotia Capital owns 392,896 shares for 0.26% of their portfolio. Keybank Association Oh, a Ohio-based fund reported 755,420 shares. Stearns invested 0.3% of its portfolio in Wells Fargo & Company (NYSE:WFC). Moreover, Vision has 0.14% invested in Wells Fargo & Company (NYSE:WFC). 1.34M were reported by Teacher Retirement Sys Of Texas. R G Niederhoffer invested in 23,900 shares. Griffin Asset has 1.74% invested in Wells Fargo & Company (NYSE:WFC). Brookmont Capital Mngmt invested in 70,204 shares. First Allied Advisory Service stated it has 55,973 shares or 0.2% of all its holdings. 37,763 were reported by Miller L P. Personal Capital Advisors invested in 14,028 shares. Riggs Asset Managment Incorporated stated it has 0.01% of its portfolio in Wells Fargo & Company (NYSE:WFC). Hyman Charles D accumulated 159,354 shares. Capital Advisors Ltd Liability Corporation invested in 0.31% or 99,683 shares. Optimum Invest Advisors invested 0.16% of its portfolio in Wells Fargo & Company (NYSE:WFC).

Among 3 analysts covering Mackinac Financial (NASDAQ:MFNC), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Mackinac Financial had 3 analyst reports since April 3, 2018 according to SRatingsIntel. Piper Jaffray initiated Mackinac Financial Corporation (NASDAQ:MFNC) rating on Wednesday, June 20. Piper Jaffray has “Buy” rating and $2000 target.

Investors sentiment decreased to 1.6 in 2018 Q3. Its down 5.40, from 7 in 2018Q2. It dived, as 3 investors sold MFNC shares while 7 reduced holdings. 3 funds opened positions while 13 raised stakes. 4.48 million shares or 49.35% less from 8.84 million shares in 2018Q2 were reported. Royal Bank Of Canada holds 2,370 shares or 0% of its portfolio. Creative Planning reported 0% stake. Minerva Advisors Ltd, Pennsylvania-based fund reported 30,394 shares. Rmb Mngmt Ltd Co reported 0.12% in Mackinac Financial Corporation (NASDAQ:MFNC). Geode Capital Mgmt Ltd Liability reported 19,994 shares stake. Wellington Mngmt Grp Inc Ltd Liability Partnership reported 0% stake. Michigan-based Clarkston Ptnrs Lc has invested 0.12% in Mackinac Financial Corporation (NASDAQ:MFNC). Clover Prtnrs LP owns 129,014 shares or 2.88% of their US portfolio. Moreover, Gendell Jeffrey L has 0.36% invested in Mackinac Financial Corporation (NASDAQ:MFNC) for 259,189 shares. Dimensional Fund Advsrs LP has invested 0% in Mackinac Financial Corporation (NASDAQ:MFNC). Mendon Capital Advsr Corp owns 20,153 shares for 0.03% of their portfolio. Lsv Asset reported 13,800 shares. Fj Mgmt Limited Liability Company, Virginia-based fund reported 485,900 shares. Renaissance Ltd Com owns 48,700 shares. Stieven Capital Advsr Limited Partnership owns 200,500 shares or 0.51% of their US portfolio.

More notable recent Mackinac Financial Corporation (NASDAQ:MFNC) news were published by: Crainsdetroit.com which released: “A bank company in little Manistique attracts a big player in the hedge fund scene – Crain’s Detroit Business” on April 18, 2012, also Seekingalpha.com with their article: “Upcoming Dividends: 35 Companies, 12 Increases, 6 Double-Digit Increases – Seeking Alpha” published on April 05, 2018, Globenewswire.com published: “Mackinac Financial Corporation Announces Closing of Common Stock Offering – GlobeNewswire” on June 15, 2018. More interesting news about Mackinac Financial Corporation (NASDAQ:MFNC) were released by: Globenewswire.com and their article: “First Federal of Northern Michigan Bancorp, Inc. to merge with Mackinac Financial Corporation – GlobeNewswire” published on January 16, 2018 as well as Seekingalpha.com‘s news article titled: “Mackinac Financial And FFNM: Abnormal Profit From This Bank Merger – Seeking Alpha” with publication date: January 29, 2018.

Mackinac Financial Corporation (NASDAQ:MFNC) Institutional Positions Chart

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